Last week, Atlantic, Gulf and Pacific International Holdings (AG&P) moved a step closer to introducing LNG to the Philippines later this year after it signed an 11-year charter agreement with ADNOC L&S, the shipping arm of Abu Dhabi’s state oil company, for the supply of a floating storage unit (FSU) for AP&G’s PHLNG terminal in Batangas on Luzon, the country’s biggest and most populous island. According to Joseph Sigelman, chairman and CEO of the Singapore-based downstream LNG logistics and infrastructure company, the use of an FSU, combined with scalable onshore regasification technology, will help “right size” AG&P’s Filipino terminal to initial demand, while avoiding unnecessary costs.
Another charter deal will see ADNOC L&S supply an FSU for AG&P’s Karaikal LNG project on the east coast of India, on which it broke ground in February 2020. In this interview, Sigelman explains to LNG Business Review why AG&P also decided to get involved in India’s city gas distribution business, why he believes that the high LNG prices of recent months will not persist, and how LNG can play a vital role in the transition to clean energy.
Our three titles – LNG Business Review, Gas Matters and Gas Matters Today – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.
LNG Business Review
LNG Business Review seeks to discover new truths about today’s LNG industry. It strives to widen market players’ scope of reference by actively engaging with events, offering new perspectives while challenging existing ones, and never shying away from being a platform for debate.
Gas Matters digs deep into the stories of today, keeping the challenges of tomorrow in its sights. Weekly features and interviews, informed by unrivalled in-house expertise, offer a fresh perspective on events as well as thoughtful, intelligent analysis that dares to challenge the status quo.
Gas Matters Today
Gas Matters Today cuts through the bluster of online news and views to offer trustworthy, informed perspectives on major events shaping the gas and LNG industries. This daily news service provides unparalleled insight by drawing on the collective knowledge of in-house reporters, specialist contributors and extensive archive to go beyond the headlines, making it essential reading for gas industry professionals.